Goal-Setting Theory Explains What Types of Goals Are Most Effective

question 74

True/False

Goal-setting theory explains what types of goals are most effective in producing high levels of motivation and performance, as well as why goals have these effects.

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Definitions:

Indemnity

Indemnity is a contractual obligation of one party to compensate the loss occurred to the other party due to the acts of the indemnitor or any other party.

Guarantor

A guarantor is a person or entity that agrees to be responsible for another's debt or obligations, should the original party fail to meet their responsibilities.

Guarantee

A formal promise or assurance, typically in writing, that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.